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Happy weekend, brothers. After yesterday's decline, Bitcoin has directly reached the previous daily-level wave bottom and started to consolidate sideways. Weekend volatility is expected to be low, and the sideways consolidation at the bottom may continue for the next couple of days. The longer this bottom consolidates, the higher the probability of a small rebound.
Last night, aggressive long positions were stopped out at the previous low, and now it's not suitable to short at this level either.
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